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for the middle class and we went out and rescue general motors. we went ahead and make sure we cut taxes for the middle class and when that occurred, what did romney do? he said no, let's them go bankrupt. we helped finance homes and he said no. it should not be surprising for a guy who says 47% of the american people are not willing to take responsibility for their lives. my friend said recently 37% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they've paid more effective income tax. they are elderly people and veterans and people fighting in afghanistan right now who are not paying any taxes. i have had it up to here with this notion that 47% -- is about time they take some responsibility here. instead of signing pledges to grover norquist not to ask the wealthiest among us not to bring back the middle class, they should be signing upa pledge say we will level the playing field and give you a fair shot, we will not repeat the mistakes were made in the past by having a different set of rules for wall street and main street.
, interrupted, very, very visible. did it work? and paul ryan claims mitt romney's tax plan adds up, an outfront fact check coming up. >>> and a desperate cry for help on the internet. and a month later, she's dead. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! imimagaginine e ifif y yod alalwawaysys s seeee l e [m[mususicic]] inin t thehe b besest t lil. eveverery y titimeme o of f. ououtdtdoooorsrs, , oro. trtranansisititiononss® ls auautotomamatiticacalllly y fift ththe e riri
policies indeed. one the state is highest gas tax of any in the nation. two, refining costs are highest in the nation, due to air quality standards, 3, state has insufficient pipeline connection to western oil and gas market that makes the disruption owono. >> looking at obama administration, policy for policy they are doing the same thing. liz: including cap and trade, governor jerry brown said, i will allowance earlier release of winter blend into the gas supply of california, do you think that will move the needle? >> 50-cents is far too large, platts reported this morning, media reports that blenders and refiners in california were already making that adjustment. so, no, that is not moving the needle. if i might just add, the four policy that obama administration is pursuing one gh greenhouse gas regulation. that will raise gas prices, two. he will make refining more expensive with epa pending tier 3 su sulfer control, three the keystone pipeline that was rejected. and four the president continues to refuse to allow oil and gas development off of the coast. liz: oil was going down
that. you're also taxing the middle class under the ryan plan. that is disdain today. >> all right, dr. ruiz. so do you want a 30-second rebuttal of the campaign? >> of course, i do. this is critically important. was there police brutality or was there not? was it an elder or a child? these things, folks, are in the press. they are in "the boston herald," they are in the harvard newspaper. they are documented. they are written. they're spelled out for people to see. it is critically important that people know that who he's saying he is right now is not who he is. further, what i said in that email message was that the city councilman should have been held accountable for allowing durhamville to be the third-world condition that it was and that it continues to be. have your party release the entire interslew. -- interview. release the interview that exonerates me. >> we're down to the last couple of questions. elizabeth, you have the floor. >> dr. ruiz, in 2010 a bipartisan federal commission unveiled the plan to cut the nation's deficit by $4 trillion through a mix of tax increases and
sense. who do you trust on this? they're saying no, they're holding hostage the middle class tax cut to the super wealthy. just get out of the way. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsible responsible for their own lives. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. have you ever seen me rope-a-dope. ♪ how you like me now ♪ how like me now ♪ how you like me now >> he came, he saw, and he told the truth, and the great pretender, paul ryan, was exposed after a no holds barred full out slugfest of a debate with vice president joe biden last night. and for democrats across the country, it is tgi biden, a man who brought the fight to congressman ryan with a huge heart and lethal honesty on everything from medicare to taxes, abortion, middle class opportunity, and foreign policy. and this afternoon the vice president landed in ryan's home turf of wisconsin hungry for more action going after romney/ryan on the 47%.
obama. the romney interview, he talks about his tax plan, his 47 comment and what he would do about iran's nuclear program. and paul ryan pumps iron. jeannie moos takes a look at those controversial workout photos. i'm wolf blitzer and you're in "the situation room." >> we begin with a dramatically changed political landscape as we head into tuesday's second debate between president obama and governor romney. poll after poll shows momentum building behind the romney/ryan tukt and there's pressure on the president now t wrap up his game for the three-week sprint to election day. let's bring in our correspondent, we're getting reaction to the vice presidential debate, more comments coming in. but the president has his mission cut out for him right now. dan? >> he really does. we just have to look back to right after the debate where the president turned up his volume, strongly aggressively going after his gop opponents. but what we saw this week at the university of miami on thursday at a big rally there was the president even turning up the volume a bit more. attacking mitt romney for wha
gallon of gasoline in california goes to state and federal taxes that's among the highest in the nation. he will put his life on the line as he attempts a world record jump. he will sky dive from a capsule 33 miles above the planet's surface. he will smash through the sound barrier on the way top speed 690 miles an hour. for an idea of how high this is. consider mt. everest rises 29,000 feet. commercial jets cruise around at 39,000 feet. this guy will be jumping from 120,000 feet. >> really? >> yup. >> that's your 5@5:00. >>> couple minutes after the hour we are exactly 4 weeks away from the presidential election mitt romney delivering a major foreign policy address yesterday making the case against four more years of the saforeign policy. >> doug kelly is live with more. >> good morning. focus turned to foreign policy with governor romney delivering a major address at the virginia military institute offering his severest critique yet of the president leading from behind. >> hope is not a strategy. we can't support our friends in the milled east when our words are not backed up by these
's start with taxes. governor, the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that is not true. >> chris, wait a minute here. the governor, i mean former governor romney is proposing a 20% cut to income taxes including income taxes for the wealthiest of americans and i believe a 30% cut to corporate income taxes including for people like big oil that are socking all of us at the pump reit now. any economist may debate whether that adds up to $4.9 trillion or add up to 5 trillion dollars but the fact of the matter is in this debate we saw big bird meet the big lie. in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire aro teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't s
, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of six people in poverty, the proof 32 million on food stamps to 47 million on food stamps the proof of that 50% of college graduates this year can't find work. >> paul: there's little doubt romney's commander performance helped the g.o.p. ticket. the question is, how much? let's ask wall street jou
about his position and let's start with taxes. governor, the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that is not true. >> well, chris, wait a minute here. the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our deficit... >> chris: if i may, sir, you are talking about half the planet like talking about obama's jobs plan, the entire plan is to give more money to teachers and, that is not obama's plans and similarly you are mischaracterizing the romney plan, saying, it is -- you are right, $5 trillion by lowering the tax rate but he talks about cutting loopholes... >> oh, chris, which loopholes and which deductions? sena
i know you're under a lot of duress to make up for lost ground. lower tax rates increase growth. >> now you're jack kennedy? >> the interruptions, the facial expressions, and the facts. we're going to have the high lights, the low lights, the arguments and a fact check as well on the candidates' claims. it's friday october 12th. "starting point" comes to you live from danville, kentucky. >>> good morning, welcome everybody. you're watching "starting point." we're coming to you live this morning from center college here in danville, kentucky. things last night right here were pretty heated between the vice presidential candidates, no one had a bad night. nobody was too polite. instead joe biden, paul ryan, simply let it fly and when it was over the american people scored it a draw. cnn/orc poll of debate watchers showed that 48% felt that paul ryan won. 44% said that the vice president joe biden won. of course that would be a statistical tie when you calculate in the margin of error. we begin with cnn's dana bash with some of the highlights of the night. good morning. >> good mor
and rescued general motors. we went ahead and made sure we cut taxes for the middle class. in addition to that, when that occurred, what did romney do? romney said, no, let detroit go bankrupt. we moved in and helped people refinance their homes. governor romney said, no, let foreclosures hit the bottom. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their lives. my friend recently in a speech in washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they may more effective tax than governor romney pays in his federal income tax. they are elderly people who in fact are living off of social security. they are veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledges to grover norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing
are operating without a debt, operating against the debt ceiling ready to hit and now putting in the biggest tax increase in this country's history in a weak economy that is growing at 1.3 percent. people are saying, well, they will get it fixed but it is already having an impact. businesses have already put off hiring. businesses have all right cut off capital spending. it is having an impact right new. there is another irony involved here, the federal reserve board made it clear they are trying to boost the stock market, they are trying to get asset prices higher, so what congress doing? they want to jump the dividend tax rate from 15 percent to 43 percent in the top bracket. this is money that has already been taxed. they want to raise capital gains taxes. this is on top of all the other tax increases that are set in three months. the notion this is going to be fixed is laughable because it is already having an impact. >>neil: here is what is laughable to me if the argument for extending the rates on the upper income for another year is that was not the environment to raise taxes on folks, an
a guy pretending to be mitt romney stood on a stage next to me. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. >> we are going to win this. we're taking back the white house. >> the romney family is taking back this campaign. >> or not. >> that was kind of strange. trying to stick words in people's mouths. >> stay in your seats. there's just four weeks until election day. >> the top rate, for instance, would go from 35% to 28%. >> don't pay any attention to that tax cut behind the curtain. >> i'm not sure exactly precisely with what i said but i stand behind it, whatever it was. >> we begin exactly 28 days until the election with both the president and his challenger declaring they will win a race that is anything but settled. today their paths will cross again in ohio, the state that may yet decide this election. amid new signs of urgency from both campaigns. case in point, this afternoon's gallup poll showing the president leading mitt romney 49% to 46% among registered voters. among likely voters it's romney up by two leading the president 49% to 47%. f
it to a poll tax, they said this was a poll tax and would be voter suppression in texas and would not be happening there. like they are utilizing in other states. >> okay. so -- in the state of rhode island which i think -- my home state which is pretty controlled by the democratic party, they didn't see too much outrage there when they did it. i think when you look at every poll that's ever come out, 70% to 80% of americans support this, so i think that somehow equate showing a photo i.d. which in most states is given -- free if there is an issue with the person's economic condition, then somehow requiring people to show the same type of thing had would be required to get government assistance and get on an airplane and try government building and is actually a common sense move to ensure we maintain the integrity -- >> the basic right of an american isn't to fly, is it? >> i don't understand your question. >> your basic american right in certain things is to be able to vote. >> i don't understand how -- entering a government building, getting government benefits, things like tha
-taking that we get. and it's probably true that if we increase the tax rate we will get a rapid contraction in another risk taking but that is a compounding effect that can grow quite large overtime. in the same what if we stopped investing this year, it's not like economy would collapse. it will gradually slow down over time. and so higher payoffs for risk-taking, one is the they increase the bar for success. the united states most talented people work longer hours while their counterparts in europe and japan work fewer hours. the rest of the economy as people have grown richer they've had a reduction in the amount of work that they've done. so that's one of the things that's happened, keeping up with the joneses if you will. that work effort and the risk-taking that it represents creates companies like google and facebook in countless of other companies, innovations that we have enjoyed in the united states more than in europe and japan. and that creates valuable on the job training for our most talented workers. and so again you get the training and increases your probability for success
at the busy week that was. >> there aren't enough rich people and small businesses to tax to pay for all their spending. >> with all due respect, that is a bunch of malarkey. >> what words came out are not what i meant. >> wow, here's old moderate mitt. >> with more assets, more resources, we could have and should have saved the life of ambassador stevens. >> is it true that you voted to cut the funding for embassy security? >> absolutely. >> politics ruled this week that was, but the vp showdown, that took the cake. of course, sprinkled with a few zingers. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> zing. >> lower tax rates increase growth. >> oh, now you're jack kennedy. >> zing. >> this is a bunch of stuff. look, here's the deal -- >> what does that mean, a bunch of stuff? >> it means -- >> zing. >> as for that first debate. >> i think it is fair to say, i was too polite. >> not an issue with these guys. >> turped into this sparring and it was very, very personal. >> personal and partisan. >> you have to be kidd
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome
other. we're going to talk about foreign policy and domestic from libya to taxes coming up, talking about fact and fiction in tonight's debate. first to gary noneberg with some of the key moments in the matchup. >> it was scheduled for nine segments bouncing back and forth between foreign and domestic economy and covered a lot of ground on the budget, economy, taxes. neither ground break new ground. both men were well prepared, and in impressive control of a wide range of facts. neither made the kind of mistake that would convince an audience he can not do the job. >> we welcome vice president joe biden and congressman paul ryan. >> [ applause ]. >> reporter: it started with foreign policy, the libya attack. >> it took the president two weeks to acknowledge this was a terrorist attack. >> we will find and bring to justice the men who did this, and secondly we will get to the bottom of it, and wherever the facts lead us, wherever they lead us, we will make clear to the american public. >> reporter: some news here, blaming the against community for the confusion. >> why were people
. "i'm not in favor of a $5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >> i want to bring the conversation to the state of our economy, the number one issue here at home is jobs. the percentage of unemployed just fell 8% for the first time in 43 months. the obama administration had projected that it would fall below 6% now after
, one that we're very proud of is the midmarket payroll tax initiatives. that is to make san francisco much more attracttive to entrepreneurial companies and renovate a blighted area. we're particularly proud of this kind of public-private partnership to move the city forward. now join me in welcoming the city's first asian american mayor and i'm very proud to say a member of the lee tribe, the 43rd mayor of san francisco, ed lee. (applause). >> thank you, judy, very much for that introduction. good morning, everyone. >> good morning. >> it's great to be here at the san francisco chamber and of course the center for economic development here, your breakfast for 2012, it's my pleasure to be here. i walked in as ed from wells fargo was talking and i just wanted to make sure you knew, i am eternally grateful it the chamber, to wells fargo for helping me create 5,200 jobs for our kids. that's a wonderful accomplishment. i've been your mayor for almost two years now and everybody is coming up to me and asking, are you enjoying it? you know, some of the politics in the city it's hard to
he said that cutting taxes should not be part of negotiation of tax reform. i wonder if those comments in any way reflect the democratic stance. >> the president made clear that he supports tax reform broadly, but senator schumer is making an important point, that the wealthiest must pay their fair share. he is making the very clear point the president has made and others have made that it is fanciful thinking to imagine that you can give more tax cuts to millionaires and billionaires, and that the pixie dust of trickle-down economics will somehow erase any damage to the deficit or hold harmless the middle class -- it is a mirage. it is not realistic. the broader issues of tax reform are something that very much interest the president of united states, but has always -- his approach is always that everyone has to pay their fair share, everyone has to pay their -- everyone has to get a fair shot. in the debate he is having with the election and has been having with republicans on capitol hill, if we take a balanced approach that includes increased revenues by asking millionaire
independence policy means more than three million new jobs. many of them in manufacturing. my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >> this is abc 7 breaking news. >> we are following breaking news. >> a tree has fallen onto a truck. you can see the pictures live from the chopper. this happened about 30 minutes ago on connecticut avenue at randolph road. we're told nobody was hurt. county crews are on their way to clear the tree. connecticut avenue will be closed until the rest is cleared. you can see the damage to the truck. you can see the tree on top of another vehicle on the top part of the screen. we will have more details through the newscast. >> a man shot in a confrontation with police in silver spring has died. >> this happened after police say the man tried to force his way into a home where his girlfriend is a live-in nanny. >> montgomery county police go
potentially from higher taxes and indeed reduced government spending. >> rick santelli, you heard that whole list of reasons. is that why we saw this ten-year auction today? people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the election, depending how it turns out, could have a lot of implications. to me, it makes perfect sense the closer we get to the end of the year, the closer we get to november, people are going to be lightening up. it all makes sense. >> yeah, and mandy, you were highlighting earlier oil is lower, gold is lower. a lot of the base materials have been suffering as well today. >> yeah, that's absolutely true. you know, i think what's also interesti
benefit from them. your income taxes return that you did benefit because your husband paid mortgage and property taxes on your home. the house ethics committee is examining this question, but they will not report their findings until after the election. would you be willing to ask that committee to hurry up its report before the election? >> let me say to you, i already did that. i wanted them to move ahead. if you recall, i went an hour and 45 minutes speaking to 200 reporters on august 21, the day after i was required to file my financial statement. and i sat for as long as they had questions on the issue, and i believe that they were satisfied. i found more information on any other candidate. not only did i agree to file my tax returns after a little bit of prodding, my husband also agreed to file his with the -- not with the ethics committee but with the f.e.c., but the action you are talking about was started by a right wing legal organization foundation knowing that i would have to -- that there would be an automatic inquiry. we have filed the necessary papers. i have asked th
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
to the view he had when he ran four years ago, that a bigger government, spending more, taxing more, regulating more, if you, will trickle-down government would work. >> governor romney has a perspective that says if he cut taxes skewed towards the wealthy and roll back regulations we'll be better off. gwen: 90 minutes later, even democrats gave the debate win to roll any. but after the dust settled, what was true and what wasn't? >> it is not possible to come up with enough loopholes and deductions to only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it's math. >> i'm not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. gwen: and will today's improved jobs numbers change the political landscape again? debating, peter baker of "the new york times," dan balz of the "washington post." jeanne cummings of block berg news, and john dickerson of slate magazine and cbs news. >> award winning reporting and analysis, covering history as it happens. live in our nation's capital, thi
trillion tax cut on top of 2 trillion for our military. and essaying that he is going to pay for it by closing loopholes and deductions. the problem is that he has been asked over 100 times how you would close those deductions and loopholes, and he hasn't been able to identify them. >> i'm not look for a $5 trillion a tax cut. what i have said is i won't put in place a tax cut that adds to the deficit. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do so badly. john, he didn't come prepared for what he found there. he seemed difident, almost dis
of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's
city's living wage law, sick leave, health care and all the compendium or payroll tax, all of the variety of cost of doing business and this is why i think i understand from what you're saying, that would be harder to prosecute, i completely understand that. we may decide that's a problem, but i think that's what i hear you saying, you're not necessarily saying if the surcharge was on health care and that money was not used for health care, that that would be -- to me, that's much more clear cut situation. >> that's exactly what i'm saying but i do want to say it's not theoretical, without going into the open investigation that we have, i will say that it was obvious to me as i think it was to the grand jury that they're moving to a broader surcharge language, at least a number of them are and that trend may continue, so that the ability to track exactly what they're taking in and what they're paying out and whether or not they're making any type of misrepresentation to their customers is more difficult. >> thank you, logs, any -- colleague, any additional questions. er >>
. it generates $9 million tax revenue a year and the buddhists say in heaven and hell is on everyday. you come into the city, can you go church and come out and go to westportal and get a ticket. i think that is morally wrong and gouging and gouging and eventually it's just bad pr and for the generating 2.5 million dollars on this budget it's senseless and it's just more government putting the throats -- putting the boots on the throat of the average day citizen. >> all right. thank you sir. mr. yee. >> so let's face it. let's not make our parking meters the atm for the city. i mean we really need to support the notion that we don't want meters to operate on sunday, especially in our district, district seven. the business corridors need access to customers and when you charge on sundays and parking meters the same people shopping and at restaurants they're going to go somewhere else. they're going to go to stonestown and the malls and if you believe in the small businesses in the community then we need to support the notion that we're not going to allow for parking meters to operate on
romney and i do share a deep interest in encouraging small business growth. at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small businesses 18 times. and what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. >> i talked to a guy who has a very small business. he is in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes. federal income, federal payroll tax, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspoken regulars here to discuss. phil cowan, an invest adviser, entrepreneur and best selling author. you can find him at rule 1 investing.com. carol roth, you can find her at carolroth.com. >> good to see you. >> you too, j.j. >> i think it is
taxes next. i'm going to let governor romney explain this for himself. >> well, i've made it pretty clear that my principles are number one, simplify the code, number two, create incentives for small businesses and large businesses to grow. number three, don't reduce the burden on high-income taxpayers. and number four, remove the burden somewhat from middle income people. >> now, you can get all that done in four years we'll have a bran new tax code by 2016. again, it's bold. everybody talks about doing it but nobody's done it really since reagan. finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society. he wants to do that by the end 6 his first t
to the people of virginia who are really facing tough times, he might not have proposed raising taxes on working people, working women, seniors and small business owners, as well as people earning as little as 17b$,000 a year, and he might have been against the sequestration deal that is threatening over 200,000 jobs in virginia right now. but he made different choices and soon you will get to choose. if i have the honor of being your senator, i'm going to give all my energies working with people in both parties to create jobs and get america ascending once again. >> mr. kaine, let's follow-up immediately on these opening statements here. your campaign has basically said you're going to go to washington, work across party lines, and fix that toxic political environment. but at the same time, you spent years as democratic party chair being in some ways the partisan-in-chief for the party. what do you say to virginians to convince them when you go to washington, you will be the problem solver who's nonpartisan? >> when i was governor, i served with two presidents. i served with president bush for
immediately rescued general motors. we made sure we cut taxes for the middle class and in addition to that, and when that occurred, what did romney do? romney said, no, let detroit go bankrupt. we helped people refinance their homes. governor romney said, no, let foreclosures hit the bottom. it shouldn't be surprising for a guy that says 47% of the american people are unwilling to take responsibility for their own lives. my friend recently said 30% of the american people are takers. these people are, my mom and dad, the people i grew up with, my neighbors. they pay more taxes than governor romney pays in his federal income tax. they are elderly who are living off of soecial security. they are veterans. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledging to grover nord quist not to ask the wealthiest to contribute to bring back the middle class, they should say to the middle class, we're going to level the playing field. we're going to give you a fair shot again. we are going to not repeat the mistakes we ma
was going to cut taxes for wealthy people? >> he's the etch-a-sketch guy. we have to wonder which mitt is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. >> we expect an aggressive debater to show up last night on the debate stage with barack obama. we didn't expect an aggressively dishonest debater to show up. >> sean: perfect strategy, liar, liar, liar, pants on fire, fire, fire. funny, i didn't hear anybody mention anything about the president's record or accomplishments, perhaps because there aren't any. instead he's given us 46 million americans on food stamps. you didn't fix that, mr. president. 17 million more than when you took office. 23 million americans un and underemployed. $6 trillion in new obama debt and have four years to fix the worst economy since the great depression, and it's no longer george w. bush's fault. after looking at the latest polls it appears the truth is beginning to catch up with barack obama. hear with reaction, the author of the "new y
. the centerpiece of governor romney's economic plan is a new $5 trillion tax cuts that favors the wealthiest americans, but most of the economists who have crunched the numbers said that paying for governor romney's tax plan -- one or the other. pick your poison. last week when we were on stage together. governor romney just pretended it didn't exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention for that tax cut under the carpet behind the curtain. >>> romney's pretending his tax cut plan doesn't exist, but the president won't let him get away with it. he also won't let him get away with hitting the middle class to protect his own tax rate. >> governor romney said it's fair he pays a lower tax rate than a teacher or autoworker who makes $50,000. he is wrong. i refuse to ask middle-class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. i refuse to pay for that tax cuss by asking you students to pay more for college or kicking kits out of headstart or
on foreign policy, it depends. it was also on their attitude of what constitutes a fair tax code, what is a reasonable budget, whether or not you will be cutting the budget. congressman ryan says that, even though he passed the ryan budget through the house of representatives, which did not become law, he drastically cut across the board 19%, in eviscerating education and so many other things. he said, no, no, that is not a cut. he said it is a smaller increase. i want to tell that all to your parents when they don't take a $2,500 tax credit next year if they win could tell that to the two hundred thousand kids who will be kicked off of early education. on taxes and make you go back and look, paul ryan is saying his budget really is not a budget cut. that is like governor romney standing in an unemployment line and say, i did not outsource your job, i offshore it. that is the distinction they make. [applause] when i point out that governor romney, who is a great businessman, did the bain way, the lowest wages, the cheapest community that you can find, and then move there, offshore, out
be trusted to hold don middle-class taxes. take a listen. >> the middle class will pay less and people making a million or more will begin to contribute slightly more. >> there aren't enough rich people in small businesses to tax them for all their spending. the next time you hear that, watch out, middle class. the tax bill's coming to you. >> edward isaac, how does a voter make sense of this? what's the truth on taxes? >> well, that's one of the essential questions of the cam paint that's what the obama campaign is saying about this. but what the romney/ryan campaign says about the obama plan is they have not done anything to say where the spending would be cut, to say where they're going to be doing things to reduce the deficit, and that's going to fall on middle-class families so it's a question of philosophy here, whether you think there is enough and other things he says he'll do to cut spending in the budget to make up the money that would be lost in revenue from that 20% across the board tax cut or whether you believe that the plan that president obama is saying to say that there shoul
construction workers back to work. why? it would have been an increase in taxes, not for most people, but for those who make a million dollars or more. making the investments in education, making the investments in research, and we make those investments together and build a future. that is what it will take over the long run to build a stronger future here in western massachusetts, all across the commonwealth, and all across the country. >> thank you. before i start, i want to thank the mayor for your endorsement and support. thank you both for coming. this is actually about jobs and economy. the whole race is about that. we held one of our first jobs fares here because we want to connect people with jobs. when you put a title on a bill in washington that says jobs bill, you have to read the bill. those bills in particular were rejected in a bipartisan manner, and that means democrats and republicans recognize that by taking for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is
and the board of supervisors. we've all come together to tax reform, on housing, on fixing our parks and open space. we've got this year coming together in unprecedented way to put these issues on the ballot before the voters and make sure it's the right time for all of us to be smart, to make long-term investments in housing and in parks and it is time to do tax reform. together we're putting people back to work, building our city at the same time and now the tax structure has to be addressed. a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure. we're going to stop taxing jobs and we're going to help companies large and small start here, stay here and
proposition a is a temporary 8-year, $79 parcel tax on properties in san francisco. and that money would go directly to supporting city college of san francisco. city college is the largest work force training center in san francisco. we train students. we also help students learn english as a second language and then of course one of our primary missions is to help students, particularly low income and underserved students, move on to 4 year institutions. we serve nearly 100,000 students in san francisco and are a tremendous resource, we think, for san francisco. the last couple years the state budget cuts we faced, $53 million in the last 3 years alone, have really made it a challenge for us to keep our doors open for san francisco students and this proposition a would make a tremendous difference in addressing our fiscal problems right now. >> understood. thank you. starchild, can you present some of the thoughts around the opposition? >> sure. we all believe in people getting an education and having those opportunities be affordable and accessible to them, but city college's financ
the state gas tax and montgomery county is in dire need of transportation funding. the condition council met with business leaders today, one of the hot topics, a possible county wide gas tax. lauren demarco has that story. >> when i pulled up and i saw $4.09, oh my goodness. >> steadily increasing for the last seven weeks. it's unlikely maryland legislators would agree to an increase on the state's gas tax. the president of the montgomery county council wants to take the matter into his own hands. >> if the state does not have the political will to do this, i'm saying local governments, like montgomery county, has to be able to move forward on their own. >> roger wants the state to give county lawmakers the authority to raise g taxes. the county would retain 100% of the revenue. with funding going toward road improvement projects and public transportation like the purple line and the corridor city's transit way, a proposed rapid bus line between shady grove and clarksburg. >> many communities don't share the priorities. they don't have the transit needs we have. they have needs for ma
don't know. i never have enough money to do it. the middle class needs relief, tax relief. they needed now. >> the governor, if you like to respond to what he said about senator mccain's remarks. >> we can speak an agreement that, don wright, we need tax relief for americans so that -- darn right, we need tax relief for americans so that we can have jobs in america. barack had 94 opportunities to side on the people's side and reduce taxes and 94 times he voted to increase taxes or not support a tax reduction. 94 times. that is not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more what we're in and produce. government will have to learn to be more efficient and live with less if that is what it takes to rein in the government growth that we have seen today. but we do need tax relief and barack obama even supported increasing taxes as late as last year for those families making only 40 two thousand dollars a year. that is a lot of middle-income average american families to increase taxes on them. i think that is
made sure that we cut taxes for the middle class, and in addition to that, when that occurred, what did romney do? romney said no, let detroit go bankrupt. we moved in and helped people refinance their loans. governor romney says 47% of the american people are unwilling to take responsibility of their lives. my friend said 30% a takers. these people are my mom and dad, my neighbors. they pay more tax than governor romney pays. they are elderly people who in fact are living off of social security. there are veterans who are not quote not paying taxes. i've had it up to here with this notion -- instead of signing pledges not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. we're going to give you a fair shot again. we are going to not repeat the mistakes we made in the past by having a different set of rules for wall street and main street. making sure that we continue to hemorrhage these tax cuts for the super wealthy. they're pushing the continuation of a tax c
the level of the tax cuts $1 million which is not the administration's position and it still is not. sometimes he plays fast and loose with the facts of the veal obama campaign calls them alive with net romney. i think paul ryan's should have pushed back. he was behaving in the rude manner the he should have been prepared he looked weak >> the moderator was explicit she did not give the vice president the scolding he deserved. had she done that it could have ended its. gerri: i hate to win best people complained about the moderator. [laughter] great job. you made fantastic points. the smiling, other grimace, laughing, smirking. joe biden not making any effort to hide his emotions. it is great to have you here. the smiling the ridiculous laughing it seemed like a put down. >> condescension. child, young one. i know what i talk about. he came across as stronger and more dominant. gerri: what do you make of when they walked out? to show the very beginning. >> the handshake was good. you can see from both positions. they're doing the same thing. they come out even they both look strong.
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